The History of Online Gambling

Online gambling refers to any kind of game which entails wagering funds. Some of the common games you will find in online gambling include poker sports outcomes and casino games. The unique thing with online gambling is that unlike physical casinos, betting sportsbooks can be accessed from modern devices such as smartphones from any location in the world. This industry kicked off in the mid-1990s as the internet was gaining some root in different sectors. Different milestones regarding online gambling have been accomplished since this time and it is expected to get better. For instance, the general estimates forecast that this industry will have hit approximately $94 billion by 2024. This piece expounds more on online betting and where the 9ndustry is headed to.

History of Gambling

Did you know that gambling is older than the written word? Well, populations that lived in the medieval times would engage in gambling as it would come with some form of an adrenaline rush. They would take risks and get rewarded with sweet victories making the experiences even more pleasurable. In early locations like Mesopotamia, which presently houses nations like Iraq, Syria, Turkey, and Kuwait, the earliest 6-sided dice roots back to 3000BC. In regions such as China, gambling casinos existed in as early as 1000 years BC. Individuals could play domino games and even sports bet on fighting animals. Casino card games also trace their history back to China as evidence suggests their use back in the 9th century. On the other hand, online gambling games such as poker have only risen in the 17th century. Poker currently boasts of being the most popular card game which you will find in any live casino. It is linked to a game that is referred to as As-Nas that was being played in regions such as Persia.

Online gambling would be boosted by the commercialization of the internet in 1994. Barbuda and Antigua became the first nation to regulate online gambling by granting licenses to sportsbook services companies who had begun to sprout up. In 1996, the first online casino was established. It was being called ‘The InterCasino’ and it marked the start of what has become a successful industry. This first online betting site was able to pay approximately $3 billion in winnings within its first year in operation.

The Future of Online Gambling

The last 20 years have witnessed a great transformation of the online gambling industry. Currently, you are able to participate in live casinos and even engage interactively with players from all parts of the world. This by itself boosts global cohesion. The future looks bright as currently, stakeholders are exploring technologies such as virtual reality. These are already being used in gaming and hence it is just a matter of time before they are rolled out by your sportsbook. The blockchain technology also seems to be driving the industry when it comes to security and modes of payments. From the look of things, it can only get better. You can browse this site for getting more details on online casino games or gambling.